The world has always praised leaders for their vision, innovation, and disruption. But, today, our greatest leaders are differentiated by their ability to execute. If you are a leader looking to set yourself apart by your success in execution, you first need to understand why so many strategic decisions fall short.
Where Leaders Go Wrong
Companies must integrate a readiness score (or execution capability score) as a core decision-making metric, articulating their ability to implement a strategy—no longer relying on opinion or feeling.
Leaders create a strategy, identify its potential, and largely justify their ability to realize it with biased beliefs that support their vision. Imagine a bank making a loan based solely on your loan application and financials without bothering to check your credit score. Imagine a university that looked at your high school transcripts but didn’t bother to check your SAT score. Imagine buying bonds based solely on the reputation of a municipality without ever looking at the bond rating.
When executives don’t measure their company’s ability to execute on strategies, they lack the necessary data in decision-making to avoid the debacles that slow the growth of their business and erode their return-on-invested-capital (ROIC) ratio, investor and customer confidence.
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